Apple is releasing their new Apple Watch Series 8 this autumn, and you have been tasked...

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Apple is releasing their new Apple Watch Series 8 this autumn, and you have been tasked with determining the standard cost. What is the standard cost of each unit produced? Below is the information that you'll need. This product can be produced at a rate of 240 per hour with a 4 person operating team who are each paid $22 per hour. The cost to run the machines used is $250 per hour. The total material cost for each watch is $65. Apple anticipates spending $4,500,000 on a marketing campaign. This product was developed by a 4 person engineering team across one year who each earn $120,000 annually. Apple is planning to produce 700,000 units. The Apple production plant is in operation 365 days per year for 8 hours per day. a) What is the Raw Materials Cost per unit? $ b) What is the Direct Labor Cost per unit? $ c) What is the Machines Cost per unit? $ [ d) What is the Design Team Salary Cost per unit? $ e) What is the Advertising Cost per unit? $[ f) What is the standard cost of each unit produced? (total cost per unit) $ Apple is releasing their new Apple Watch Series 8 this autumn, and you have been tasked with determining the standard cost. What is the standard cost of each unit produced? Below is the information that you'll need. This product can be produced at a rate of 240 per hour with a 4 person operating team who are each paid $22 per hour. The cost to run the machines used is $250 per hour. The total material cost for each watch is $65. Apple anticipates spending $4,500,000 on a marketing campaign. This product was developed by a 4 person engineering team across one year who each earn $120,000 annually. Apple is planning to produce 700,000 units. The Apple production plant is in operation 365 days per year for 8 hours per day. a) What is the Raw Materials Cost per unit? $ b) What is the Direct Labor Cost per unit? $ c) What is the Machines Cost per unit? $ [ d) What is the Design Team Salary Cost per unit? $ e) What is the Advertising Cost per unit? $[ f) What is the standard cost of each unit produced? (total cost per unit) $

Answer rating: 100% (QA)

a The raw material cost per unit is 65 b The d irect labor cost per unit is The operating team can p... View the full answer